Summary
New York City Council Committee on Finance Approves Key Local Laws and Land Use Applications on November 12, 2025
New YorkNov 12, 20254 min read
At a glance
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The Committee on Finance met on November 12, 2025, at City Hall to consider and approve several local laws including a real property tax exemption for Cold War veterans, increases in expenditures for business improvement districts, and amendments to district plans. The committee also approved land use applications for developments in Manhattan and the Bronx.
Committees mentioned
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Topics discussed
Committee Voting and AttendanceReal property tax exemption for Cold War veteransBudget & TaxLand use applications and approvalsBusiness improvement districts funding and amendmentsHousing
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Key decisions
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- Approved Int 0740-2024-A establishing a real property tax exemption for Cold War veterans.
- Approved Int 1410-2025 authorizing increased annual expenditures in seven business improvement districts and one special assessment district.
- Approved Int 1428-2025 amending the district plan of the Lincoln Square business improvement district to change assessment methods and authorize additional services.
- Laid over Int 1427-2025 concerning the establishment of the Coney Island business improvement district.
- Approved land use application LU 0431-2025 for Henry Phipps Plaza East in Manhattan.
- Approved land use application LU 0432-2025 for BK Cluster Phase I in the Bronx.
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Meeting information
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Committee on Finance
Nov 12, 2025, 12:00 AM250 Broadway - 8th Floor - Hearing Room 1scheduled
Agenda
- A Local Law to amend the administrative code of the city of New York, in relation to establishing a real property tax exemption for Cold War veterans
- A Local Law to amend the administrative code of the city of New York, in relation to authorizing an increase in the amount to be expended annually in seven business improvement districts and one special assessment district
- A Local Law to amend the administrative code of the city of New York, in relation to the establishment of the Coney Island business improvement district
- A Local Law to amend the administrative code of the city of New York, in relation to amending the district plan of the Lincoln Square business improvement district to change the method of assessment upon which the district charge is based and authorize additional services for the district
- Henry Phipps Plaza East: Block 934, Lot 1001, Manhattan, Community District No. 6, Council District No. 4.
- BK Cluster Phase I: Block 2669, Lot 9, Block 2697, Lot 45, Bronx, Community District No. 2 and 3, Council District No. 17.
- Roll Call
- A Local Law to amend the administrative code of the city of New York, in relation to establishing a real property tax exemption for Cold War veterans
- A Local Law to amend the administrative code of the city of New York, in relation to establishing a real property tax exemption for Cold War veterans
- A Local Law to amend the administrative code of the city of New York, in relation to establishing a real property tax exemption for Cold War veterans
- A Local Law to amend the administrative code of the city of New York, in relation to authorizing an increase in the amount to be expended annually in seven business improvement districts and one special assessment district
- A Local Law to amend the administrative code of the city of New York, in relation to the establishment of the Coney Island business improvement district
- A Local Law to amend the administrative code of the city of New York, in relation to amending the district plan of the Lincoln Square business improvement district to change the method of assessment upon which the district charge is based and authorize additional services for the district
- Henry Phipps Plaza East: Block 934, Lot 1001, Manhattan, Community District No. 6, Council District No. 4.
- BK Cluster Phase I: Block 2669, Lot 9, Block 2697, Lot 45, Bronx, Community District No. 2 and 3, Council District No. 17.
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